Middle East Economic Survey
VOL. XLVII
No 44
1-November-2004
SUPPLY/DEMAND
Oil Industry Facing Structural Crisis, Says CGES
The oil industry is facing a structural crisis, with capacity shortages throughout the supply chain, according to Londons Centre for Global Energy Studies (CGES). In the latest Monthly Oil Report, published on 25 October, CGES says: The oil industry is facing a structural shift of a magnitude not witnessed since the 1970s, as conventional non-OPEC, non-FSU oil production...
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